Filed under: Earnings Reports, Urban Outfitters (URBN)
You didn't want to be a short-term shareholder in Urban Outfitters (URBN) during Monday's after-hours session. At the time I was writing this, I saw a quote of $34.10. That's a 10% drop. And that isn't good.
A fourth-quarter earnings report caused the volatility. According to TheFly, net income came in seven pennies less than expected. Also, gross margin experienced a decline.
Continue reading Urban Outfitters Experiences Big Drop After Q4 Report
Urban Outfitters Experiences Big Drop After Q4 Report originally appeared on BloggingStocks on Mon, 07 Mar 2011 18:30:00 EST. Please see our terms for use of feeds.
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Full story at http://www.pheedcontent.com/click.phdo?i=25e2f1af29d29bff11b41432d0b84aa1
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